According to Most States, Which of the Following Is True

question 27

Multiple Choice

According to most states, which of the following is true if there is only a memorandum of two parties' agreement?

• A) The writing can be in any form but must indicate that the parties had a contract.
• B) The entire contract must be in writing and in a single document.
• C) The writing cannot be in the form of telegrams or receipts.
• D) Both parties' signatures have to appear in the writing.

Comprehend the principles of business etiquette and their importance in professional interactions.

Recognize the significance of precision and professionalism in job application materials.

Understand the impact of passion and deep interest in one's work on career advancement.

Grasp the characteristics and contributions of star performers within organizations.

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Definitions:

Federal Home Loan Bank Board

A now-defunct U.S. government agency that oversaw the Federal Home Loan Banks, which were created to support home mortgage lending and community investment.

Required Reserve Ratio

The fraction of deposits that banks are required to hold in reserve and not lend out, as dictated by central banking authorities.

Excess Reserves

These are bank reserves held in excess of what is required by regulations, which can be lent out to generate income.

New Loans

Financial amounts borrowed by individuals, businesses, or governments, typically from banks or financial institutions, that have not previously existed in the market.